Saturday, July 26, 2014

US energy boom

Article: There's A U.S. Energy Boom, No Thanks To Obama

Alternative title: US energy boom, doomsayers and environmentalists hardest hit. 

Much good news. And increasing oil/natural gas means lower prices for consumers, which helps the poorest among us.

1) [A ]...35% increase in America's oil and natural gas production since President Obama took office.
2) Since Obama took office, oil and gas production... on federal lands has dropped sharply due to a cutback in leasing of deepwater areas for energy development.
3) U.S. dependence on imported petroleum products has fallen from more than 60% in 2005 to less than 33% in 2013. It's expected to drop to 22% in 2015....
4) U.S. natural gas production has been an equally remarkable success story. The shale-gas revolution has transformed the U.S. into the world's No. 1 gas producer.

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